Author: staff
PARIS — Voilà les poids lourds de la mode française soulagés, bien loin de leur colère de cet hiver, quand, au plus fort des négociations sur le budget, Bercy avait supprimé la subvention de l’Institut français de la mode (IFM) pour faire des économies. Six mois plus tard, la direction de l’IFM a appris que l’école touchera finalement la moitié de sa subvention, soit près d’un million d’euros. “Nous avons été nombreux à hurler”, glisse un représentant de la filière, ravi du rétropédalage gouvernemental. Ce rétablissement ne tombe pas du ciel : il est dû à l’intervention personnelle de Brigitte Macron,…
European carmakers will be required to buy chips from at least two suppliers in certain cases and to incorporate supply chain resilience into their procurement decisions, according to a draft law the European Commission is expected to present next month. After a series of supply chain shocks, the EU is set to impose mandatory measures on the likes of Volkswagen, Stellantis and Renault to prevent excessive dependence on a single chip supplier, most notably from China, according to two EU officials. The move is being planned as part of a revamp of the bloc’s semiconductor legislation, known as the Chips…
By Euronews Persian Published on 21/05/2026 – 16:29 GMT+2 Ahmad Vahidi, one of the most senior figures in the Islamic Revolutionary Guard Corps (IRGC), has emerged as a key player in shaping Tehran’s posture toward the US since the war began in February — and may now be the main point of contact for the regional mediators trying to end it. Holding the rank of a brigadier general, Vahidi currently serves as deputy commander-in-chief of the IRGC. Analysts believe he belongs to the small inner circle in direct contact with Mojtaba Khamenei, who has not appeared in public since Israeli and…
German Chancellor Friedrich Merz’s groundbreaking plan to grant Ukraine “associate membership” in the European Union has received mixed reviews in Brussels, with questions raised about its legality, feasibility and political implications. In a letter to his fellow leaders, seen by Euronews, Merz proposes a tailor-made status that would give Ukraine access to decision-making bodies without voting rights or portfolio and to certain EU-funded programmes on a “step-by-step” basis. He also envisions Kyiv able to request assistance from other member states in the event of armed aggression through Article 42.7 of the EU treaties. This, he argues, would create a “substantial…
Published on 21/05/2026 – 16:29 GMT+2•Updated 16:34 Israel’s foreign ministry said on Thursday that foreign activists from the Global Sumud Flotilla detained by Israeli forces have been deported, as international outcry over their treatment by authorities continues. “All foreign activists from the PR flotilla have been deported from Israel,” the ministry said in a statement posted on X. “Israel will not permit any breach of the lawful naval blockade on Gaza.” The roughly 430 activists from countries around the world had been placed in detention in Israel after being intercepted at sea on Monday near Cyprus. They were undertaking the…
Stellantis on Thursday in the United States unveiled the group’s new strategic plan, which entails €60 billion of investment by 2030 and 60 new models in the pipeline to speed up growth and profits. The plan was presented by the top management of the carmaker – formed through Fiat’s acquisition of around ten brands starting with Chrysler and Peugeot – during an investor conference held on Thursday in Auburn Hills, Michigan. The chairman of Stellantis, John Elkann, described the FASTlane 2030 business plan as “ambitious but realistic”, as it foresees the rapid development of several products and updates to existing…
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Prime Minister Pedro Sánchez presented what he called Spain’s biggest-ever campaign against forest fires on Thursday after deadly blazes devoured a record amount of land last year. Spain is one of the southern European countries on the front line of climate change as higher average temperatures stoke heatwaves, droughts and forest fires. The country sweltered through its hottest summer on record in 2025, when almost 4,000 square kilometres of land went up in smoke, the highest figure registered by the European Forest Fire Information System. “We will put in place all the resources” available to the government “to mitigate this…
By Laila Humairah Published on 21/05/2026 – 17:02 GMT+2 The United Kingdom has signed a landmark trade agreement with the Gulf Cooperation Council (GCC), expected to inject more than €4 billion a year into the British economy. The deal is the first of its kind between the GCC, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE, and a major G7 country. Under the agreement, up to 93% of GCC tariffs on British goods will eventually be eliminated, wiping out around €670 million in annual duties on UK exports. Around two-thirds of those reductions will take effect as soon…
Published on 21/05/2026 – 16:10 GMT+2 Elon Musk’s SpaceX is gearing up for what could be the most consequential stock market debut in history. The rocket and satellite company is eyeing a Wall Street listing as early as next month, with reports suggesting it could raise as much as $75 billion (€68bn) — a figure that would eclipse every IPO ever recorded. To put that in perspective, here is every record-holder it would be leapfrogging. The current champion: Saudi Aramco The world’s most profitable oil company holds the crown with a $25.6bn (€23.2bn) listing on the Riyadh Stock Exchange in…